CalPERS New CIO Is a Seasoned Investor
Ben Meng’s predecessors did not have deep investment roots, instead administrative and political experience were their calling.
Search results for: Federal Reserve
Why Canada’s Pension Plans Are in Such Good Shape
What US programs can learn from our neighbors to the north, like shucking outside managers and minimizing political interference.
Asset Management Culture
ISBI Chair Explains Why Illinois Ditched Hedge Funds
State investment board cut nearly all of its hedge fund managers.
Regulation
Is the Endowment Tax a Trojan Horse?
New 1.4% tax on private colleges’ investment income could be a ‘harbinger’ for non-profit entities.
Conning: Expenditures Continue to Pressure State Budgets
Fourth-quarter ‘State of the States’ report sees “no improvement” in state pension plan funding.
Newsmakers
NYC Pension Funds, RBC GAM Access Capital Team up for $450 Million Affordable Housing Plan
Investment includes first-of-its-kind program to support veterans.
IMF: Low Rates Threaten Solvency of Pensions, Insurers
The longer interest rates stay low, the more difficult it will be for pension funds and life insurance companies to meet liabilities.
SEC Joins FBI in Transition Management Charges
The US regulator follows Massachusetts’ state attorney and the FBI in charging ex-State Street exec Ross McLellan with fraud.
Fraud Charges, Arrest for Ex-State Street Transition Managers
Ross McLellan and Edward Pennings are guilty of “brazen fraud” and “backroom plotting” in overcharging transition management clients, US prosecutors claim.
Investors Pile into Real Assets as Record Numbers Seek Funding
Real estate and infrastructure funds saw a surge in capital raising between July and September—but also record numbers seeking assets.
Is Emerging Market Debt Still Worth the Risk?
Diversifying into emerging market debt may not be as straightforward as some would have you believe.
ADD or Value-Add? Hedge Funds’ Ideal Activity Level
Highly active fund managers tend to outperform those who buy-and-hold in absolute returns, but researchers found that adjusting for risk reversed their results.
2014: A Low-Return and High-Volatility World
Russell
Investments on opportunities in an “uncomfortable reality” of 2014.
DB vs DC Savings: About 3% per Year
That’s the payroll difference for plan sponsors who choose to freeze their pension plans, according to a study.
PIMCO: Rising Bond Rates Will Help Long-Term Investors
PIMCO has found gradual rise in bond rates would eventually increase interest income despite short-term decline in returns.